China imposed an import ban on Illumina’s gene sequencers in response to President Trump’s escalating tariffs and trade war

China has grown to be dominant in shipbuilding, posing serious economic and national security challenges for U.S. and its allies

China dominates shipbuilding for the ocean freight market, and President Trump has plans to exact economic punishment to bring the business back to the U.S.

Illumina on Monday lowered its annual forecast and said it plans to cut $100 million in spending after China announced a ban on imports of its genetic sequencing instruments.

In a sign it is willing to go further in responding to President Trump’s tariffs, Beijing blocked more American companies from importing goods into China.

China's retail sales grew by 3.5% last year, a sharp slowdown from 7.2% growth the prior year. In a sign of a persistent drop in demand, China's consumer price inflation in February fell below zero for the first time in over a year, according to official data released Sunday.

China announced a ban on Tuesday on imports of genetic sequencers from San Diego medical equipment maker Illumina, just minutes after U.S. President Donald Trump's additional 10% tariff on Chinese goods took effect.

China Max served customers Saturday and with a fresh start comes new management, too. The new managers said they're excited but also, anticipate that they have big shoes to fill.

GlobalData’s senior medical analyst says the ban will add to a downward trend for Illumina in the Chinese market.

Posting on Truth Social on Thursday, Trump said that illicit drugs such as fentanyl are being smuggled into the United States at "unacceptable levels" and that import taxes would force other countries to crack down on the trafficking.